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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
In tandem with the nation's progress over the past ten years, the Thai construction and real estate sectors have continued to grow. Principal real estate activity centers include the Eastern Economic Corridor (EEC) and the Bangkok Metropolitan Region ...
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The construction sector, characterised by its extensive supply chain and substantial investments, is regarded as one of the pillars of China's economy. In recent years, the slowing pace of macroeconomic growth in China has underscored the increasing ...
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China is the world's largest producer, consumer, and exporter of steel. The country's crude steel production and consumption have both ranked first in the world for 28 consecutive years, according to the China Iron and Steel Association (CISA). In ...
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The wholesale and retail sectors collectively contribute approximately 13% of Indonesia's GDP, based on current price measurements for 2023. In addition, the retail industry employs nearly one fifth of the nation's workforce. In recent years, the ...
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The real estate sector is a major pillar of China's economy and plays a crucial role in the country's economic growth. In 2023, the added value achieved by the real estate sector reached RMB 7,372bn, accounting for 5.8% of the GDP. In addition, the ...
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China's automotive sector continued to rank first globally in terms of production and sales in 2023. According to the statistics published by the China Association of Automobile Manufacturers (CAAM), the country's total motor vehicle output and sales ...
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The automotive industry is one of the pillars of the Polish economy. It accounted for 8% of the country's GDP and approximately 13.5% of its exports value in 2022, according to the latest available estimates by the Polish Investment and Trade Agency ...
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In 2023, Colombia's economic activity decelerated rapidly, and this was reflected in a deacceleration of the total loan portfolio linked to household consumption and lower profitability. The latter was partly explained by the increase in provisioning ...
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In January 2023, the Building and Construction Authority (BCA) of Singapore projected that the island nation's construction sector would see preliminary demand in the range of SGD 27bn to SGD 32bn by the end of the year. Instead, the figure reached ...
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Singapore's real estate sector remained strong during and after the COVID-19 pandemic. Private home prices surged by 10.6% in 2021 and by 8.6% in 2022, pushing Singapore to become the most expensive real estate market in the Asia-Pacific region, with ...
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